The White House announced the initial members of its Gaza "Board of Peace," a move that has already drawn scrutiny regarding the composition and potential impact of the initiative. The board is designed to facilitate investment and diplomacy in the region, but the absence of Palestinian representation on the senior boards has fueled concerns about the plan's legitimacy and effectiveness.

The structure includes a "founding Executive Board" focused on high-level investment and diplomacy, and a "Gaza Executive Board" responsible for overseeing on-the-ground operations. The latter board will manage the National Committee for the Administration of Gaza (NCAG), comprised of Palestinian technocrats led by Dr. Ali Shaath, a civil engineer and former Palestinian Authority minister.

Of the seven members named to the founding Executive Board, six are American, including U.S. Secretary of State Mike Pompeo. This composition has prompted criticism that the U.S. plan may resemble a colonial solution imposed without sufficient Palestinian input. The exact financial commitments and investment strategies remain unclear, but the board is expected to play a crucial role in directing funds and resources to Gaza.

Analysts suggest that the success of the "Board of Peace" will depend heavily on its ability to secure buy-in from Palestinian stakeholders and address the underlying economic and political challenges in Gaza. The involvement of high-profile figures from the U.S. government signals a significant commitment from Washington, but the lack of Palestinian representation raises questions about the long-term sustainability and acceptance of the initiative.

The next steps involve finalizing the composition of the boards and outlining specific investment plans. The White House is expected to announce additional members and provide further details on the board's mandate in the coming weeks. The market impact of the initiative will likely depend on the scale of investment and the degree to which it can foster stability and economic growth in Gaza.